M&A alert. Metro Group sells four Real hypermarkets in Romania

German Metro Group has sold the four Real hypermarkets that it still owned in Romania, five years after selling 20 Real stores to Auchan.

The stores were bought by Cyprus-based Terazone Enterprises Limited, according to a company statement submitted to Profit.ro.

The buyer is represented by several people, including Dusan Wilms, who managed the operations of Metro Cash&Carry and of Real in Romania.

The four stores recorded sales of EUR 50 million last year.

Metro has 25 Cash&Carry units in Romania, five Metro Punct stores, an online office supplies store and an extensive franchise network of proximity stores under the brand La Doi Pasi.

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Ovidiu Posirca